Michael Spencer becomes chair of Nutshell Asset Management and ups stake in business
Spencer has backed Nutshell since its launch in 2019
Fundsmith
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Baggable boutiques: The rise of the next generation of startups
Amid the tough operating environment for smaller investment companies, a new generation of launches are coming to market
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The funds that made and lost the most money in 2023
Some funds were flooded with fresh cash last year, while the likes of Fundsmith Equity and Liontrust Special Situations lost billions
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Scottish Mortgage and Fundsmith Equity ousted from Interactive Investor’s top spots
City of London becomes most purchased investment trust while Royal London Short Term Money Market leads for funds
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Terry Smith adds Fortinet to Fundsmith Equity portfolio
US-based cybersecurity firm has been added to the 27-stock fund
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Fundsmith hit with outflows as active funds cede ground to passives
But Royal London was hit hardest as investors pulled over £4bn from active strategies in March
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Europe-focused strategies hit with ratings removal by Square Mile
Seven retentions and three upgrades in firm’s latest academy ratings roundup
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Fundsmith manages only a modicum of growth despite Paypal exit
It was the second biggest performance drag last year
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Terry Smith takes aim at Paypal after Fundsmith’s poor performance
Per usual, his annual letter to shareholders pulls few punches
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Fundsmith stands alone as investors flock to passives
Terry Smith’s equity fund was the only actively-managed strategy in the 10 most-bought Interactive Investor funds
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Feet investors set for Christmas pay out if liquidation is approved
The initial distribution date has been tentatively set for ‘on or about 18 December’
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Global equity investors back sustainable newcomers
Global equity category has fallen on hard times with even sector darlings Fundsmith Equity and Lindsell Train Global Equity down on their luck
